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Latest updates on the Middle East conflict and its effect on our markets

The Middle East crisis has disrupted global supply chains, affecting the flow of crude oil, condensate, and LNG, as well as large quantities of urea, ammonia, sulfur, aluminum, steel, and plastics from the Persian Gulf. With shipping traffic through the Strait of Hormuz reduced to a trickle, hundreds of commercial vessels—including bulk carriers, tankers, and offshore support ships—along with their crews, remain trapped and under threat of attack. The situation in the Middle East continues to change by the hour and stays highly dynamic.

 

To give you the best possible business insights, we’ve compiled our comprehensive news, opinion, and feature coverage for quick, easy access.

Westwood: Middle East war continues to reverberate through the jackup market

Westwood: Middle East war continues to reverberate through the jackup market

Qatari LNG carriers on the move in Hormuz after first laden transit over the weekend

Qatari LNG carriers on the move in Hormuz after first laden transit over the weekend

IRGC claims to have seized tanker as sabre-rattling, attacks and talk of a truce continue

IRGC claims to have seized tanker as sabre-rattling, attacks and talk of a truce continue

Marinakis’ CCEC says long-term charter strategy shields it from Middle East volatility

Marinakis’ CCEC says long-term charter strategy shields it from Middle East volatility

HMM ship under tow to Dubai following explosion in Strait of Hormuz, more ships attacked

HMM ship under tow to Dubai following explosion in Strait of Hormuz, more ships attacked

ADNOC could re-establish regular LNG shipments through Hormuz as second vessel transits

ADNOC could re-establish regular LNG shipments through Hormuz as second vessel transits

Iran says safe transit of Strait of Hormuz 'will be ensured' as Trump pauses operations, teases deal

Iran says safe transit of Strait of Hormuz 'will be ensured' as Trump pauses operations, teases deal

QatarEnergy LNG force majeure hits more cargoes, says energy partner

QatarEnergy LNG force majeure hits more cargoes, says energy partner

After attacks on vessels, US claims 'hundreds of ships are lining up to transit' Strait of Hormuz 

After attacks on vessels, US claims 'hundreds of ships are lining up to transit' Strait of Hormuz 

Trump proposes 'Project Freedom' to guide trapped ships through the Strait of Hormuz

Trump proposes 'Project Freedom' to guide trapped ships through the Strait of Hormuz

Conflicts drive consolidation in maritime intelligence

Conflicts drive consolidation in maritime intelligence

UAE OPEC exit signals structural shift in Middle East crude flows

UAE OPEC exit signals structural shift in Middle East crude flows

AIS-disabled ships tracked through satcoms, radar 

AIS-disabled ships tracked through satcoms, radar 

First laden LNG carrier appears to transit Strait of Hormuz since war outbreak; Japanese VLCC follows

First laden LNG carrier appears to transit Strait of Hormuz since war outbreak; Japanese VLCC follows

Middle East turmoil to delay LNG supply wave by at least two years

Middle East turmoil to delay LNG supply wave by at least two years

European Commission proposes action to accelerate shift to clean energy

European Commission proposes action to accelerate shift to clean energy

US intercepts three additional Iranian tankers in Indian Ocean

US intercepts three additional Iranian tankers in Indian Ocean

Iran boards box ships after Strait of Hormuz strikes

Iran boards box ships after Strait of Hormuz strikes

Conflicts, offshore surveys accelerate USV development

Conflicts, offshore surveys accelerate USV development

Video shows US military seizure of sanctioned VLCC carrying Iranian crude

Video shows US military seizure of sanctioned VLCC carrying Iranian crude

Video: Tensions rise after US seizes Iranian ship, peace talks uncertain

Video: Tensions rise after US seizes Iranian ship, peace talks uncertain

Trapped cruise ships flee through Strait of Hormuz

Trapped cruise ships flee through Strait of Hormuz

Vessels under fire as Hormuz shuts again; peace talks timeline unclear

Vessels under fire as Hormuz shuts again; peace talks timeline unclear

Analysts react to Hormuz reopening statements as key questions remain

Analysts react to Hormuz reopening statements as key questions remain

Iran declares Strait of Hormuz 'completely open' for remainder of ceasefire

Iran declares Strait of Hormuz 'completely open' for remainder of ceasefire

Emergency salvage in times of conflict

Emergency salvage in times of conflict

Idea floated of using cruise ships to evacuate thousands of seafarers from Gulf

Idea floated of using cruise ships to evacuate thousands of seafarers from Gulf

Explaining the logistics of a blockade amid hopes for renewed US-Iran talks

Explaining the logistics of a blockade amid hopes for renewed US-Iran talks

Oil demand decline in second quarter forecast to be largest since Covid-19

Oil demand decline in second quarter forecast to be largest since Covid-19

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Iran boards box ships after Strait of Hormuz strikes

Iran boards box ships after Strait of Hormuz strikes

Conflicts, offshore surveys accelerate USV development

Conflicts, offshore surveys accelerate USV development

Video shows US military seizure of sanctioned VLCC carrying Iranian crude

Video shows US military seizure of sanctioned VLCC carrying Iranian crude

Video: Tensions rise after US seizes Iranian ship, peace talks uncertain

Video: Tensions rise after US seizes Iranian ship, peace talks uncertain

Trapped cruise ships flee through Strait of Hormuz

Trapped cruise ships flee through Strait of Hormuz

Vessels under fire as Hormuz shuts again; peace talks timeline unclear

Vessels under fire as Hormuz shuts again; peace talks timeline unclear

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